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If corporations and governments continue their economic growth activities without caring about environmental damage, there is a chance that human society might collapse 

Society may collapse by 2040: New analysis supports old prediction by MIT

There is a serious chance that human society may collapse by 2040 if the global priorities regarding &lsquo;economic growth&rsquo; do not change. This was earlier predicted by MIT&nbsp;and has now been validated in a new assessment

Human society may collapse by 2040: New assessment of old MIT prediction

There is a serious chance that human society may collapse by 2040 if the global priorities regarding &lsquo;economic growth&rsquo; do not change. This was earlier predicted by MIT&nbsp;and has now been validated in a new assessment.

There is a serious chance that human society may collapse by 2040 if the global priorities regarding &lsquo;economic growth&rsquo; do not change. This has been ascertained recently after a 1972 MIT study was reassessed by a senior director of KPMG.
As per the old report by a team of scientists at MIT, civilization was bound to collapse if corporations and governments continued to pursue economic growth, irrespective of its environmental damage. It also said that natural resources would become so scarce that further economic growth would become impossible, and personal welfare would nosedive.
The most infamous scenario forecast&nbsp;by the report says that by 2040, the world&rsquo;s economic growth would peak but thereafter, the graph will take a sharp downturn. This will severely impact the global population with regard to food availability and natural resources. This imminent collapse will not end the human race, but the standard of human living conditions will degrade drastically.
Now, nearly half a century later, Gaya Herrington who is a Sustainability and Dynamic System Analysis Lead at KPMG,&nbsp;reassessed the MIT study to observe the predictions made in 1972. And to her horror, there is a close alignment to all the predicted scenarios. Herrington wrote in her study that the scenarios indicate that continuing business as usual to pursue constant growth, will not be possible after 2040. &nbsp;
But beyond all this, there is a silver lining. Herrington says that changes in policies like population control, reduced industrial output and prioritising health and education are the factors that can prevent this horrific downfall. Using the example of covid 19 pandemic and how the world dealt with this global crisis, she says that it is still possible to control the situation.
Herrington believes that it's not yet too late for human society to intentionally change its course and alter the trajectory of the future.

As Covid-19 case count drops the demand for medical oxygen has eased leading ministry of home affairs (MHA) to allow supply of oxygen to certain industries on a temporary basis. This is of course conditional. Oxygen supply has been allowed subject to ensuring an adequate supply of the lifesaving gas to hospitals and other medical purposes.
Industries that can now use liquid oxygen include continuous process industries, furnaces, refineries, steel, aluminium, copper processing plants, infrastructure projects. Exporters of manufacturing sector requiring oxygen for production, and food processing units have also been allowed to use oxygen.
The government in April diverted all the liquid oxygen for medical use as several states reported a shortage in the wake of the Covid crisis

With Covid cases falling MHA allows certain industries to use oxygen on temporary basis

Govt allows certain industries to use oxygen on temporary basis Supply to industries only after medical purposes met Furnaces, steel, aluminium, copper plants&nbsp;can now use liquid oxygen&nbsp; Food processing units have also been allowed to use oxygen Govt in April diverted all liquid oxygen for medical use

As Covid-19 case count drops the demand for medical oxygen has eased leading ministry of home affairs (MHA) to allow supply of oxygen to certain industries on a temporary basis. This is of course conditional. Oxygen supply has been allowed subject to ensuring an adequate supply of the lifesaving gas to hospitals and other medical purposes.
Industries that can now use liquid oxygen include continuous process industries, furnaces, refineries, steel, aluminium, copper processing plants, infrastructure projects. Exporters of manufacturing sector requiring oxygen for production, and food processing units have also been allowed to use oxygen.
The government in April diverted all the liquid oxygen for medical use as several states reported a shortage in the wake of the Covid crisis

Forbes India list: Mukesh Ambani reigns supreme

Reliance Industries Chairman Mukesh&nbsp;Ambani&nbsp;once again bags the top position in the Forbes India richest list of 2020 with a net worth of $88 billion.
Mukesh Ambani is followed by Adani Group&rsquo;s Gautam Adani with a net worth of $25 billion. Mukesh Ambani has been reigning on the top of Forbes India richest list for the past decade and this is his 13th year on Rank 1.
According to the Forbes India report while indicating at Ambani's added net worth of&nbsp;$37.5 billion stated that despite a &ldquo;tumultuous year for the global economy, India's richest preserved their wealth.&rdquo;
The report further added that vaccine maker Cyrus Poonawalla entered the top 10 at rank 6 while Biocon's Kiran Mazumdar Shaw became the highest wealth gainer in percentage terms. All the pharmaceutical billionaires on the list saw their wealth rise.
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list

Reliance Industries Chairman Mukesh&nbsp;Ambani&nbsp;once again has bagged the top position in the Forbes India richest list of 2020 with a net worth of $88 billion.
Mukesh Ambani is followed by Adani Group&rsquo;s Gautam Adani with a net worth of $25 billion. Mukesh Ambani has been reigning on the top of Forbes India richest list for the past decade and this is his 13th year on Rank 1. Vaccine maker Cyrus Poonawalla entered the top 10 at rank 6 while Biocon's Kiran Mazumdar Shaw became the highest wealth gainer in percentage terms. All the pharmaceutical billionaires on the list saw their wealth rise.

Reliance Industries Chairman Mukesh&nbsp;Ambani&nbsp;once again has bagged the top position in the Forbes India richest list of 2020 with a net worth of $88 billion.
Mukesh Ambani is followed by Adani Group&rsquo;s Gautam Adani with a net worth of $25 billion. Mukesh Ambani has been reigning on the top of Forbes India richest list for the past decade and this is his 13th year on Rank 1.
According to the Forbes India report while indicating at Ambani's added net worth of&nbsp;$37.5 billion stated that despite a &ldquo;tumultuous year for the global economy, India's richest preserved their wealth.&rdquo;
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